US EditionIndia’s crypto industry urges tax cuts as Trump support softens New Delhi’s stance
- India's cryptocurrency industry is urging the government to reduce its steep tax regime amid increasing policy engagement and market growth in 2025.
- This effort comes after the 2022 enforcement of a steep 30% tax on capital gains and an additional 1% fee on transactions, measures that led to a significant shift of trading activities to platforms outside the country.
- Indian crypto firms advocate lowering the transaction tax to 0.1%, arguing this would maintain traceability without discouraging domestic trading and investment.
- Ashish Singhal, co-founder of CoinSwitch, noted that in 2025, conversations between regulators and the crypto industry have become more frequent and collaborative, indicating a deeper comprehension of the sector by policymakers.
- These developments indicate a softening regulatory stance that could enable India’s crypto market to expand toward the projected $15 billion value by 2035.
11 Articles
11 Articles
Sumit Gupta Urges Urgent Crypto Strategy for India Amid Global Digital Shift
Sumit Gupta, founder of CoinDCX, raised alarms over India’s lack of a clear crypto roadmap. On May 28, he flagged on the X platform about India’s vulnerability amid regional and global crypto developments. Sharing insights from C. Raja Mohan’s article in The Indian Express, Gupta emphasized the geopolitical use of digital assets. He said India leads in crypto adoption and innovation but still lacks a forward-looking policy. Gupta warned that wit…
Indian Crypto Sector Seeks Tax Relief as Govt. Softens Stance
The Indian crypto industry is ramping up its lobbying efforts to reduce taxes levied on crypto trading. According to a Financial Times report published on 27 May 2025, the industry hopes to capitalise on a more open-minded attitude towards crypto from the Indian government, as the country engages in trade negotiations with the US. Ashish Singhal, founder of CoinSwitch, a crypto exchange based in India, mentioned that exchanges with Indian policy…
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